Will my cc interest increase due to increase in national debt level and outstanding balance on cards?
Date: Mon, 07/23/2018 - 22:29
I have heard that national debt level is increasing. Will it have any effect on my credit card interest rate? Will it increase if i have outstanding balance on my cards?
Fed is increasing interest
Fed is increasing interest rates four times in 2018. Fed has already hiked interested two times this year. Obviously, credit card interest will increase.
Try to repay the cc balance
Try to repay the cc balance as soon as possible. It is the best thing what you can do.
Yes, the credit card interest
Yes, the credit card interest rate will increase due to Fed interest rate hike. Try to pay off your existing debts. And don't accumulate further debts.
Submitted by Sanders Patricia on Thu, 07/26/2018 - 06:12
( Posts: 1241 | Credits: )
Your credit card interest
Your credit card interest rate ca increase any time by the credit card company. Try to pay your CC bills full in every month to avoid paying interest. But first pay off the unpaid balance asap, as Ryan suggested above.